Liquidation Trading Radar

With liquidation data, first look at who’s being forced out.

$SAND Both sides were swept once, indicating that volatility is clearing positions. For the next move, we’ll have to wait for active capital to show its hand.

$HEMI 15m: Long liquidations are significantly higher than short liquidations, as leveraged long positions are being forced to exit.

$MINA Longs are being forced out in concentrated numbers. The current data only shows that liquidations are happening; it can’t declare that the market has bottomed.

Overall, deleveraging is more pronounced on the long side, but the amount of absorption varies across assets. Next, watch to see which one’s trading volume recovers first.